CastleRock Receives Extension to Close on Purchase of Chilean Copper Acquisition.TORONTO -- CastleRock Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CRI CRI constant-rate infusion. ) is pleased to announce that it has an option to extend the term of its previously announced letter of intent with Sierra Miranda S Miranda, in astronomy, one of the moons, or natural satellites, of Uranus. Miranda innocent and noble-minded daughter of Prospero. [Br. Lit.: The Tempest] See : Naïveté (language) Miranda .C.M. (see press release dated April 7, 2004 on website: www.castlerockresources.com) to acquire the Sierra Miranda copper mine and related assets in northern Chile. As previously announced, the acquisition was subject to a 120 day due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. period, approval of the appropriate Chilean and Canadian regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. , including TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . As set out in an amendment letter dated June 11, 2004, CastleRock now has until November 30, 2004 to ensure that the closing conditions are satisfied, including the completion of due diligence, and to close the acquisition by the execution and delivery of a Purchase and Sale Agreement for the Mine Assets and Claims. The Sierra Miranda copper mine is located within the major copper producing region of northern Chile, approximately 65 kilometers northeast of Antofagasta and 23 kilometers north of Anglo American's Mantos Blancos copper mine. Sierra Miranda produces about 20 million pounds of copper annually using low cost Solution Extraction - Electrowinning technology (SX-EW). In addition to the mine, crushing and heap leach recovery facilities, the property includes 113 square kilometers of highly prospective exploration terrain. The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion